How much do Vitol traders make?

How much do Vitol traders make?

Vitol S.A. Salaries

Job Title Salary
Analyst salaries – 1 salaries reported $38/hr
Credit Manager salaries – 1 salaries reported $87,935/yr
Physical Crude Trader salaries – 1 salaries reported $221,091/yr
Trader salaries – 1 salaries reported $236,874/yr

Who is the owner of Vitol?

Vitol Holding II S.A.
Vitol/Parent organizations
Ownership of the group lies with the shareholders of the Luxembourg company, Vitol Holding II SA, the corporate group’s global ultimate owner. Vitol is a private company and is owned by approximately 350 of its senior employees, none of whom own more than five per cent of the shares.

What commodities does Vitol trade?

Trading. In addition to the global crude and product trading businesses, the company trades coal, natural gas, power, ethanol, methanol, gasoline, LNG, LPG, naphtha, bitumen, base oils and carbon emissions.

How many barrels of oil does Ghana produce a day?

189 thousand barrels per day
As of January 2021, crude oil production capacity in Ghana stood at 189 thousand barrels per day.

How does Vitol make money?

Vitol, which is owned by about 350 of its partner-traders, made a significant chunk of its profits during the second quarter, when oil demand collapsed, allowing traders to buy cheap crude and store it, while locking in a profit by selling forward the oil on the futures market at higher prices.

How much do staff get paid at Vitol?

The highest paid Vitol employees are Senior Managers at $224,000 annually. The lowest paid Vitol employees are Analysts at $53,000.

Who is the biggest oil trader in the world?

Vitol. Vitol is the world’s largest independent oil trader and one of the largest energy giants. With a daily volume traded of about 480,000 bbls p/day, and refining capacity in 6 different oil refineries. Vitol also controls approximately 16,000 m³ in tank storage spreading all around the world.

How large is Ghana’s oil production?

Ghana produces 99,113.66 barrels per day of oil (as of 2016) ranking 49th in the world. Ghana produces every year an amount equivalent to 5.5% of its total proven reserves (as of 2016).

What is Ghana’s biggest export?

Ghana’s main exports are gold, cocoa beans and timber products. Others include tuna, aluminum, manganese ore, diamonds and horticulture. It’s main exports partners are Netherlands, Burkina Faso, South Africa and United Kingdom.

How much does an oil trader earn?

The highest salary for an Oil Trader in London Area is £158,487 per year. The lowest salary for an Oil Trader in London Area is £66,984 per year.

How long will Ghana’s oil last?

Oil Reserves in Ghana Ghana has proven reserves equivalent to 20.5 times its annual consumption. This means that, without Net Exports, there would be about 21 years of oil left (at current consumption levels and excluding unproven reserves).

Is Ghana poor or rich?

While Ghana is considered to be among the least developed countries in the world, it is rated as one of the fastest growing economies in Africa. It is a low-income economy; using the purchasing power parity conversion (which allows for the low price of many basic commodities in Ghana) GDP per head was US$1,900 in 1999.

How long has Vitol been trading oil and petroleum products?

Vitol has been trading oil and petroleum products for over 50 years. Our market leading position is built upon long-term relationships, on our expertise, market understanding, focus on solutions and reputation for reliability.

What kind of business does Vitol Energy do?

Vitol is an energy and commodities company; its primary business is the trading and distribution of energy products globally – it trades over seven million barrels per day of crude oil and products and, at any time, has 250 ships transporting its cargoes.

Where does Vitol produce oil and gas in Ghana?

The business trades as Viva Energy, although the Shell brand remains on many of its retail products. Further in January 2015, Vitol in collaboration with Eni signed a $7 billion agreement with the government, for the production of oil and gas at Cape Three Points in Western Region of Ghana.

How many offices does Vitol have in the world?

Vitol is an energy and commodities company. Every day we use our expertise and logistical networks to distribute energy around the world, efficiently and responsibly. Founded in Rotterdam in 1966, today the company has some 40 offices worldwide and trades over seven million barrels of crude oil and products a day.